The megabank’s continued compliance problems suggest that all of its board members, along with 100 of its most senior managers, should be replaced to make way for real change.
Top executives at Advance America acknowledged that anti-money-laundering concerns at banks were likely the cause of account terminations, even as they publicly blamed a stealth regulatory campaign.
After the retail giant filed an $800 million lawsuit against its former credit card partner, shares in Synchrony plunged. Now analysts fear its relationship with Sam’s Club may be in jeopardy.
In hundreds of cases, the prepaid card program run by the bank allegedly sent users’ funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator.
At American Banker's annual Most Powerful Women in Banking gala on Thursday evening in New York, honorees urged the industry to promote more women and people of color.
The House Financial Services Committee is examining sexual harassment charges against FHFA director Watt. American Banker reporter Hannah Lang offers her take.
Innovative. Influential. Impactful. The 25 female leaders in this ranking are skillfully navigating industry disruption and — in many ways — driving it as well.
There are 10 new faces among the Women to Watch this year, but a familiar one is at the top of the list —Wells Fargo's Mary Mack. Check out who else earned a spot in the ranking.
Stephanie Cohen of Goldman Sachs and Gunjan Kedia of U.S. Bancorp are making their debut among the Most Powerful Women in Finance this year. Check out the full list to see all of the women and where they rank.
